The Reverse Mortgage Minute

Thursday, December 3, 2009

Wonder Where Your Leads Went? Now You Know


Ever wonder what happened to lead volume recently? A statistic provided by First American CoreLogic may contain the answer. 23% of US home buyers are underwater, meaning their home is less than their mortgage, and making them ineligible for a reverse mortgage. In some states, the numbers are even more staggering. In Nevada, 30% of homeowners owe 50% or more of their home's equity. For more information, see the article I wrote for Reverse Mortgage Daily on this topic.

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